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Mathematical Models and Computer Simulations

, Volume 1, Issue 1, pp 105–112 | Cite as

Reaching the turnpike path of balanced growth in the model of a closed decentralized economy

  • A. P. Abramov
Article
  • 22 Downloads

Abstract

Two schemes are considered for a multisector economy to reach a balanced growth in the absence of central planning. The first scheme is based on sales of goods, the second on expected profit maximization. For the financial component, implies dependence of prices on sales. Both schemes allow the economic system to asymptotically reach the turnpike of balanced growth.

Keywords

Economic System Balance Growth Mathematical Economic Target Price Base Price 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Pleiades Publishing, Ltd. 2009

Authors and Affiliations

  • A. P. Abramov
    • 1
  1. 1.Dorodnitsyn Computing CenterRussian Academy of SciencesMoscowRussia

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